Sunday, December 28, 2014

Divergence in Indicators

If price is making lower lows (LL), but the oscillator is making higher lows (HL), this is considered to be regular bullish divergence.
This normally occurs at the end of a down trend. After establishing a second bottom, if the oscillator fails to make a new low, it is likely that the price will rise, as price and momentum are normally expected to move in line with each other.
Below is an image that portrays regular bullish divergence.

Now, if the price is making a higher high (HH), but the oscillator is lower high (LH), then you have regular bearish divergence.
This type of divergence can be found in an uptrend. After price makes that second high, if the oscillator makes a lower high, then you can probably expect price to reverse and drop.
In the image below, we see that price reverses after making the second top.


Divergences not only signal a potential trend reversal; they can also be used as a possible sign for a trend continuation. 
Hidden bullish divergence happens when price is making a higher low (HL), but the oscillator is showing a lower low (LL).
Once price makes a higher low, look and see if the oscillator does the same. If it doesn’t and makes a lower low, then we’ve got some hidden bullish divergence in our hands.

hidden bearish divergence. This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). By now you’ve probably guessed that this occurs in a downtrend. When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.

Sunday, December 14, 2014

Thursday, October 23, 2014





Monday, September 1, 2014

Elliott Wave & Technical Analysis for Nifty

Let us check the Probability in line with the larger Bullish Trend with Nifty now nearing all time High of apprx 8000 .

THE POST HAS BEEN UPDATED AS ON 28-09-14 with new charts : 

Sunday, August 10, 2014

Tuesday, June 3, 2014


Chart posted yesterday has been changed with regards to EW sub wave counts though the Technical outlook and probable Impact remains the same.

The old chart stands invalid and the one below is in consideration now.


Monday, May 5, 2014

Elliott Wave & Technical Analysis for Nifty- Achchhey Din Aane Wale Hein !!!

Good Days are round the corner for the prudent Technical Traders. Lets check out- Why ?

General Election 2014 Results are poised for May 16th which may give a good move in the Short Term and clear the Major Trend ahead for the Medium Term Time Frame.

Check the Technical Probabilities ahead -

Sunday, May 4, 2014

Subscription Blog for Nifty Trading

I wish to start a New, Low Cost, Value for Money, Subscription based Blog for Trading Nifty. 

This Blog will be regularly updated for the Members and will cater to the needs of Short Term traders, both Intraday and Positional, with alerts as and when low risk trading probability arises.

Sunday, March 16, 2014

Festival Greetings

                      WISHING ALL A VERY HAPPY HOLI !!!